Liberty Buys Into Las Vegas Circuit

Casper · 7 May 2022, 02:06 (Ref:4109106)

Liberty is self promoting Las Vegas and has bought the real estate to support the race. They should be congratulated in putting their money where their mouth is and taking some of the risk in promoting F1 in the US and they obviously are intent on it being a long term investment. On the other hand it deprives promoters of a chance to make some money.

https://www.autoweek.com/racing/form...as-grand-prix/

Richard C · 7 May 2022, 02:25 (Ref:4109108)

Quote:

Originally Posted by Casper

Liberty is self promoting Las Vegas and has bought the real estate to support the race. They should be congratulated in putting their money where their mouth is and taking some of the risk in promoting F1 in the US and they obviously are intent on it being a long term investment. On the other hand it deprives promoters of a chance to make some money.

https://www.autoweek.com/racing/form...as-grand-prix/

My guess is that Liberty would have loved for someone else to step up and buy the property to build permanent pit/paddock. With nobody stepping up, they take on the risk of development and do it themselves. I can imagine that if the race proves to be a multi-year success they might offload it as part of a deal with a promoter. I can also imagine them making a profit on the deal. Of course this is on the assumption that Las Vegas GP proves to have legs. Overall, I just don't think owning real estate/tracks is part of their core business model. Another perspective is it could be a warning shot across the bow of promoters complaining about fees. You don't like our fees, we will just take the races to tracks we control and cut you out of the deal. But in the end, they probably also don't want to take on the role of the promoter either.

Richard

P38 in workshop · 7 May 2022, 07:02 (Ref:4109112)

I have doubts about the wisdom of this.If all goes well,the advantage is obvious.If the event turns out to be less than wonderful,how do they recoup the investment?Might it mean that they persist with running the race if the teams and spectators don't think much of it?A more detached approach has advantages too.

Casper · 7 May 2022, 11:10 (Ref:4109130)

It gives Liberty total control and I can only see that as a positive thing for them as the primary promoter of F1. It always surprised me that Bernie did not do this as he always liked to be the boss and force everyone to do things his way whereas he could have had total control and maybe that is why he bought his own circuit in the end.

S griffin · 7 May 2022, 12:52 (Ref:4109137)

I think Bernie did own a few circuits. Paul Ricard I know he owned. Didn’t he also own Kyalami at some point? And I think he owned one of the newer circuits, Turkey seems to spring to mind

Akrapovic · 9 May 2022, 17:55 (Ref:4109448)

I'm only interested if it has fake water.

Richard C · 9 May 2022, 18:14 (Ref:4109452)

Quote:

Originally Posted by Akrapovic

I'm only interested if it has fake water.

Probably will not have any fake water. Maybe some fake grass!

Richard

E.B · 10 May 2022, 04:14 (Ref:4109491)

Quote:

Originally Posted by Akrapovic

I'm only interested if it has fake water.

I must confess, rightly or wrongly, this made me smile when it arrived in my inbox pre race....

https://twitter.com/mattamys/status/...8425639784448?

Casper · 16 May 2022, 07:57 (Ref:4110161)

You would have to think that F1 is going to experience a renaissance of epic proportions when reading this https://www.autosport.com/f1/news/wh...plot/10304870/

There is a lot of tradition in F1 and Liberty are determined to change that and introduce change that a lot of people will not like.

Richard C · 16 May 2022, 10:17 (Ref:4110185)

Quote:

Originally Posted by Casper

There is a lot of tradition in F1 and Liberty are determined to change that and introduce change that a lot of people will not like.

Such as?

Richard

Casper · 16 May 2022, 13:35 (Ref:4110210)

Quote:

Originally Posted by Richard Casto

Such as?

Richard

I thought you might ask that.....Euro Centric

crmalcolm · 16 May 2022, 13:39 (Ref:4110211)

Quote:

Originally Posted by Casper

I thought you might ask that.....Euro Centric

So what you are saying is - Liberty are planning on diluting the Euro-centric approach. And, those who prefer a Euro-centric approach might not agree?

S griffin · 16 May 2022, 13:52 (Ref:4110213)

I don't think F1 should ditch it's traditional European events yet. It's still where the F1 teams are based and where most of the fanbase comes from. Other countries round the world have interest too, but there are too many that don't

Richard C · 16 May 2022, 16:19 (Ref:4110241)

Quote:

Originally Posted by Casper

I thought you might ask that.....Euro Centric

Ok then. Good luck with that topic!

Richard

chillibowl · 16 May 2022, 16:39 (Ref:4110245)

right!

Desperately in need of a thread talking up the good things about F1!

broadrun96 · 16 May 2022, 18:30 (Ref:4110267)

Quote:

Originally Posted by Akrapovic

I'm only interested if it has fake water.

Quote:

Originally Posted by Richard Casto

Probably will not have any fake water. Maybe some fake grass!

Richard

It will have to be fake both, Vegas is ripping out their grasses. Yeah, the morons put irrigation systems in the medians of roads to WASTE water making the medians look green in the FING desert. Just now deciding hey maybe that's not a good idea because they had to ration water the last couple years. A few hotels had to actually develop schedules for water use and were considering upping the water charges and adding meters to bill guests.

**FIRE** · 16 May 2022, 18:46 (Ref:4110274)

Fake casino?

P38 in workshop · 16 May 2022, 19:01 (Ref:4110280)

Only a few days ago I was reading a news report about the way in which the water consumption in Las Vegas had lowered the water level in one of the man made lakes.To the point where some bodies that had been dumped there had been exposed.Nothing to do with F1,but it does illustrate the way in which doing something or other may lead to an outcome nobody would have predicted.

Richard C · 16 May 2022, 19:13 (Ref:4110282)

Quote:

Originally Posted by broadrun96

It will have to be fake both, Vegas is ripping out their grasses. Yeah, the morons put irrigation systems in the medians of roads to WASTE water making the medians look green in the FING desert. Just now deciding hey maybe that's not a good idea because they had to ration water the last couple years. A few hotels had to actually develop schedules for water use and were considering upping the water charges and adding meters to bill guests.

Quote:

Originally Posted by P38 in workshop

Only a few days ago I was reading a news report about the way in which the water consumption in Las Vegas had lowered the water level in one of the man made lakes.To the point where some bodies that had been dumped there had been exposed.Nothing to do with F1,but it does illustrate the way in which doing something or other may lead to an outcome nobody would have predicted.

Yeah, Lake Mead is down so low the are starting to find bodies in barrels from decades ago. Las Vegas is in a desert. Water was already scarce, now it is really scarce. Anything significantly green is man made and expensive.

Richard

Richard C · 16 May 2022, 19:17 (Ref:4110284)

Vegas from space. Just a bunch of dirt and rocks. Drive just a bit outside of town and you would think you are on Mars.

Richard

**Adam43** · 16 May 2022, 19:40 (Ref:4110288)

Quote:

Originally Posted by FIRE

Fake casino?

They should go the whole hog and have things like fake pyramids, a fake Eiffel Tower, fake Venetian canals and a fake Statue of Liberty. Really show Miami how to do it.

And to show that high degree of irony they could ditch DRS.

Quote:

Originally Posted by P38 in workshop

Only a few days ago I was reading a news report about the way in which the water consumption in Las Vegas had lowered the water level in one of the man made lakes.To the point where some bodies that had been dumped there had been exposed.Nothing to do with F1,...

Are you sure?

broadrun96 · 16 May 2022, 20:00 (Ref:4110290)

Quote:

Originally Posted by Adam43

They should go the whole hog and have things like fake pyramids, a fake Eiffel Tower, fake Venetian canals and a fake Statue of Liberty. Really show Miami how to do it.

And to show that high degree of irony they could ditch DRS.

Are you sure?

Yeah, they weren't carbon fiber barrels. Just old mafia used oil drums

chillibowl · 16 May 2022, 22:31 (Ref:4110300)

Quote:

Originally Posted by Adam43

They should go the whole hog and have things like fake pyramids, a fake Eiffel Tower, fake Venetian canals and a fake Statue of Liberty. Really show Miami how to do it.

Viva Las Vegas!

Casper · 17 May 2022, 07:59 (Ref:4110316)

Quote:

Originally Posted by chillibowl

Viva Las Vegas!

I am sure it will be with all the glamour and bling they can think up and it will happen every year in at least three US events. It definitely won't appeal to those who aren't used to US style event presentation.

S griffin · 17 May 2022, 13:57 (Ref:4110367)

It might not be the best move for F1, so I remain to be convinced. It might be overkill having 3 events in the US. America has it's own F1 fanbase, but it probably is trying to do much to make it more popular over there

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